Question: Indicate whether the following items create temporary or permanent differences. a. Book depreciation in excess of tax depreciation. b. Tax depreciation in excess of book

Indicate whether the following items create temporary or permanent differences.
a. Book depreciation in excess of tax depreciation.
b. Tax depreciation in excess of book depreciation.
c. Increase in the allowance for doubtful accounts.
d. Increase in the reserve for warranty settlements.
e. Municipal bond interest income.
f. Federal income tax.

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